As for the gas prices I also heard that US is playing games to hurt Putin & ISIL,on the other hand also is it true that OPEC countries are increasing production to hurt US taking out its own gas,as it costs then 80$ a barrel to cover costs and the current price is 63$ a barrel so the US is also loosing.I wonder what are the facts meanwhile the consumer is not enjoying much as the airline and other prices havent gone down at all.

OPEC is taking a much harder hit as the U.S. dollar is stronger than ever.The U.S. is producing an all time high production of oil.Soon OPEC will be a "has been" to America.The airlines are recovering some of the losses that they incurred over the last few years.Americans are paying around $2.65 per gallon for gas right now which is boosting the economy.Can't wait to connect with the Keystone pipeline out of Canada which will make gas even cheaper.It will be America's turn to sell fresh water to OPEC for a $100 a barrel. Hide and watch.

Strange to see the benzine price is still 4.55 in poland sux as it is where I have been paying 1.90$ a gallon frm 3.75 a gal,why is it not coming down in Poland as barrel has fallen to 48$ and OPEC just decided again not to cut production?

OPEC as a whole, though Saudi is the biggest player in OPEC. Part of the current overproduction is the Saudis wanting to weaken Iran and Iraq, both of whom are suffering since their national budgets (Iraq anyway) are calculated at $60 per barrel and we're now at $45.

What are your views on oil collapse and whats petrol prices like in your area?Do you think this will lead to a global market crash?It is said the US markets are driven or backed by oil and the Saudi's are increasing production to stop US fraking companies but some say this is a result of the US sanctions on Russia.

The Saudi moves are aimed at Russia and the terrorists . The tracking industry in the United States is doing well with natural gas production and will shut down oil wells as needed . The wells and refineries can sit for years and be restarted quickly in case demand increases . This kind of oil glut has happened before .

Today a Saudi oil minister stated that oil at $100 /bbl will never happen again ... did you hear that Czar Vladimir ??Russia needs oil at $120/bbl to balance their budget !